Market price per share of common stock $42.43 Calculate the company's earnings per shar on common stock. Round your answer to the nearest cent.

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter17: Financial Markets
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A company reports the following:
Net income $758,420
Preferred dividends $56,180
Shares of common stock outstanding
48,000
Market price per share of common stock
$42.43
Calculate the company's earnings per share
on common stock. Round your answer to
the nearest cent.
2$
Transcribed Image Text:A company reports the following: Net income $758,420 Preferred dividends $56,180 Shares of common stock outstanding 48,000 Market price per share of common stock $42.43 Calculate the company's earnings per share on common stock. Round your answer to the nearest cent. 2$
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